Key Developments: Dril-Quip Inc (DRQ)
91.11USD
22 May 2013
$-1.49 (-1.61%)
$92.60
$92.59
$93.12
$90.50
285,382
316,491
$93.54
$57.27
Latest Key Developments (Source: Significant Developments)
Dril-Quip Inc Issues Q2 2013 EPS Guidance In Line With Analysts' Estimates; Reaffirms FY 2013 EPS Guidance
Dril-Quip Inc announced that for second quarter of 2013, it expects earnings per share (EPS) in the range of $0.80 to $0.90. The Company also announced that its fiscal 2013 earnings are anticipated to be in the range of $3.40 to $3.60, excluding any unusual or special charges. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report EPS of $0.86 for second quarter of 2013. Full Article
Dril-Quip Inc Secures Contract For Supply Of Drilling And Production Equipment
Dril-Quip Inc announced that Dril-Quip Asia Pacific Pte Ltd, its wholly owned subsidiary, in conjunction with its local representative UMW Petrodril (Malaysia) Sdn. Bhd., has been awarded a contract to supply drilling and production equipment and related services to Sabah Shell Petroleum Company Limited for the Shell Malikai TLP project located offshore Malaysia in approximately 1,800 feet of water. Dril-Quip will provide subsea wellheads, tensioner systems, risers, production trees, injection trees and tieback connectors for the project. Delivery of these systems is expected to begin in 2014. Full Article
Dril-Quip Inc Issues Q1 2013 EPS Guidance In Line With Analysts' Estimates; Issues FY 2013 EPS Guidance Below Analysts' Estimates
Dril-Quip Inc announced that for the first quarter of 2013, it expects its earnings to approximate $0.73 to $0.83 per diluted share (EPS), excluding any unusual or special charges. For fiscal 2013, it expects earnings per diluted share to approximate $3.40 to $3.60. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report EPS of $0.80 for first quarter of 2013 and EPS of $3.71 for fiscal 2013. Full Article
Dril-Quip Inc Issues Q4 2012 EPS Guidance Below Analysts' Estimates; Raises FY 2012 EPS Guidance
Dril-Quip Inc announced that based upon current market conditions and excluding any unusual or special charges, the Company expects its earnings per diluted share (EPS) for the fourth quarter of 2012 to approximate $0.65 to $0.75 per share. The Company expects its fiscal 2012 earnings per diluted share to be in the range of $2.83 to $2.93, excluding any unusual or special charge. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report EPS of $0.77 for the fourth quarter of 2012. Full Article
Dril-Quip Inc's Subsidiary Receives $650 Million Contract by Petrobras
Dril-Quip Inc announced that Dril-Quip do Brasil LTDA, its wholly owned subsidiary, has been awarded a four year contract by Petrobras, Brazil's national oil company, for the supply of subsea wellhead systems and associated tools to be used in the drilling of deepwater wells offshore Brazil. Based on current exchange rates and after Brazilian taxes, the contract is valued at $650 million if all of the equipment under the contract is ordered. Amounts will be included in Dril-Quip's backlog as purchase orders are received under the contract. Dril-Quip expects to begin delivering products under the contract in the second half of 2013. Full Article
Dril-Quip, Inc. Raises FY 2012 EPS Guidance; Issues FY Q3 2012 EPS Guidance In Line With Analysts' Estimates
Dril-Quip, Inc. announced that based upon current market conditions and excluding any unusual or special charges, the Company expects earnings per diluted share (EPS) for the third quarter of 2012 to approximate $0.65 to $0.75 per share. The Company currently expects fiscal 2012 EPS to be in the range of $2.75 to $2.95, excluding any unusual or special charges, up from previous fiscal 2012 guidance of $2.60 to $2.80 per diluted share. According to I/B/E/S Estimates, analysts are expecting the Company to report EPS of $0.72 for the third quarter of 2012; EPS of $2.90 for fiscal 2012. Full Article
Dril-Quip, Inc. Issues Q2 2012 EPS Guidance; Reaffirms FY 2012 EPS Guidance
Dril-Quip, Inc. announced that based on current market conditions and excluding any unusual or special charges, the Company expects its earnings per diluted share for the second quarter of 2012 to approximate $0.62 to $0.72 and $2.60 to $2.80 to be for the fiscal 2012, excluding any unusual or special charges. Full Article
Dril-Quip, Inc. Issues Q1, FY 2012 EPS Guidance
Dril-Quip, Inc. announced that based upon current market conditions and excluding any unusual or special charges, the Company expects earnings per diluted share (EPS) for fiscal 2012 to approximate $2.60 to $2.80. For the first quarter of 2012, the Company expects earnings to approximate $0.60 to $0.70 per diluted share (EPS), excluding any unusual or special charges. Full Article
Court Order Dismisses Dril-Quip, Inc. From Claims In Deepwater Horizon Litigation
Dril-Quip, Inc. announced that Judge Carl J. Barbier, the federal court judge in the Eastern District of Louisiana presiding over the multi-district proceeding In Re: Oil Spill by the Oil Rig Deepwater Horizon in the Gulf of Mexico, granting Dril-Quip's Motion for Summary Judgment and dismissing all claims asserted against Dril-Quip. In issuing the order, the court stated that it found no evidence showing that any equipment manufactured by Dril-Quip, Inc. played any role in causing or contributing to the blowout. Full Article
Dril-Quip, Inc. Issues Q4 2011 EPS Guidance In Line With Analysts' Estimates
Dril-Quip, Inc. announced that for the fourth quarter of 2011, it expects earnings per share (EPS) to approximate $0.53-$0.63 per diluted share. According to I/B/E/S Estimates, analysts are expecting the Company to report EPS of $0.63 for fiscal 2011. Full Article
Earnings vs. 
Estimates
Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests.
NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.
